PPP Loan information for Swartz electric co

$181,000

Swartz electric co was initially approved for PPP Loan of amount $181,000, the current approved amount is $181,000. The loan was approved on 04/08/2020 by The Mercantile Bank reported 20 jobs and $181,000 was used to fund payroll.

Swartz electric co is Existing or more than 2 years old

PPP Loan Search / MI / GRAND RAPIDS / Swartz electric co

SWARTZ ELECTRIC CO

Date Approved

04/08/2020

SBA Office Code

0515

Processing Method

PPP

Borrower Name

SWARTZ ELECTRIC CO

Borrower Address

822 Cogswell NW

Borrower City

GRAND RAPIDS

Borrower State

MI

Borrower Zip

49544-2815

Loan Status Date

02/19/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

181000.00

Current Approval Amount

181000.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

122287

Servicing Lender Name

Mercantile Bank

Servicing Lender Address

310 Leonard St NW

Servicing Lender City

GRAND RAPIDS

Servicing Lender State

MI

Servicing Lender Zip

49504-4224

Rural Urban Indicator

U

Hubzone Indicator

N

HLMI Indicator

Y

Business Age Description

Existing or more than 2 years old

Project City

GRAND RAPIDS

Project County Name

KENT

Project State

MI

Project Zip

49544-2815

CD

MI-03

Jobs Reported

20

NAICS Code

238210

Race

Unanswered

Ethnicity

Unknown/NotStated

Utilities Proceed

0.00

Payroll Proceed

181000.00

Mortgage Interest Proceed

0.00

Rent Proceed

0.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

122287

Originating Lender

Mercantile Bank

Originating Lender City

GRAND RAPIDS

Originating Lender State

MI

Gender

Unanswered

Veteran

Unanswered

Non Profit

Forgiveness Amount

182403.37

Forgiveness Date

01/25/2021

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